Kagiso Media’s performance for the year shows that it is moving towards its objective of becoming a converging organisation and that it is delivering on the revenue diversification strategy.
Further to the cautionary announcement dated 11 August 2011 shareholders are advised that Kagiso Media has accepted an offer to sell its shares and claims in LexisNexis (Proprietary) Limited (“LexisNexis”) for the sum of R 565 million.
The increased resilience of Kagiso Media was evident in 2010. The group delivered an 8% increase in headline earnings per share to 136,8 cents while the net asset value per share improved by 23% to 462 cents. A final dividend of 35 cents and a special dividend of 10 cents per share have been declared.
KAGISO MEDIA ETHICS HOTLINE
Do not be a silent observer of practices that erode the very values we uphold and believe in.
Kagiso Media has created an ethics hotline manned by KPMG. This is another way for KML to adhere to its code of ethics and to facilitate transparency and good corporate governance. Fraud undermines business integrity however, 53% of fraud cases are resolved because of tip-offs from staff members, stakeholders and service providers. Report any form of malpractice.